U.S. producer prices increased by the most in five months in March, but underlying wholesale inflation was tame. The Labor Department said on Thursday its producer price index for final demand rose 0.6 percent last month, lifted by a surge in the cost of gasoline. That was the largest increase since last October and followed […] Read more
Italian-American carmaker Fiat Chrysler Automobiles (FCA) is to pay hundreds of millions of euros to Tesla to have the electric-car manufacturer’s fleet counted as its own in order to avoid hefty fines from the European Union. FCA confirmed to the Financial Times, which first reported the story, that it would pay Tesla hundreds of millions […] Read more
It might not land you in the ranks of the ultra-wealthy, but it still pays to work on Wall Street. Wall Street firms paid employees an average bonus of $153,700 in 2018, according to numbers released Tuesday by New York State Comptroller Thomas DiNapoli. The figure was averaged across the more than 170,000 securities industry […] Read more
The EU has agreed to a plan to delay Brexit until 22 May 2019, if MPs approve the withdrawal agreement approved next week. If Ministers do not back the deal then the EU will agree to a shorter delay until April 12. Keep up to date with our live blog below: EU Council President Donald […] Read more
British Prime minister Theresa May will ask the European Union for a short Brexit delay, a British government source confirmed to Euronews on Wednesday. “There is a case for giving parliament a bit more time to agree a way forward”, the source said. The British PM is expected to send a letter to the EU […] Read more
Good morning, Europe. Today we’re watching: New Zealand cabinet meets: The government meets on Monday following the shootings at two mosques last week that left 50 people dead. The cabinet is set to discuss changes to gun laws. Macron faces renewed pressure: France witnessed scenes of looting and rioting over the weekend in the latest […] Read more
A Volvo Car equipped with self-driving highway software is parked at the autonomous vehicle testing facility AstaZero on the outskirts of Boras, near Gothenburg, Sweden February 22, 2019. By: Esha Vaish A “virtual human” suddenly steps out at a blind bend, but the engineer in the Volvo car’s driving seat on the test track doesn’t […] Read more
European shares retreated further from five-month highs on Thursday ahead of a European Central Bank meeting that is expected to slash growth forecasts and hint at a new round of ultra-cheap loans for euro zone banks. Euro-zone banks fell as some profit taking kicked in following gains made in anticipation of the ECB loan scheme, […] Read more
Good morning, Europe. Today we’re watching: London explosive devices: An investigation is underway after three suspicious packages were received in buildings at London’s Heathrow and City airports as well as Waterloo mainline railway station in the city centre on Tuesday. Read more on this here Rights post-Brexit: Brexit minister Stephen Barclay has asked the European […] Read more
By Laura Davison and Saleha Mohsin U.S. Treasury Secretary Steven Mnuchin The amount of the average U.S. tax refund increased 1.3 percent last week compared to a year earlier but the combined value of those checks and the number of people receiving the payments continued to drop. The IRS released its data Thursday that compares […] Read more
